During the week ending February 14, average cold rolled coil (CRC) prices in the Chinese domestic market have remained stable, while activity in the market has remained at low levels.
It is expected that CRC prices in the Chinese domestic market will move on a stable trend during the New Year holiday (February 15-21), while local traders are mostly bullish on the prospects for the market after the holiday period, and their positive sentiment will likely contribute to the upward movement of CRC prices when the holiday is over.
|
Product name |
Spec. |
Quality |
City |
Steel plant/origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Thin CRC |
1.0 mm x 1,250 mm x C |
ST12 |
Shanghai |
MaSteel |
4,700 |
741 |
0 |
|
Tianjin |
Tangshan Steel |
4,670 |
737 |
0 |
|||
|
Lecong |
MaSteel |
4,770 |
752 |
0 |
|||
|
Average |
- |
4,713 |
743 |
0 |
|||
|
Thin CRS |
1.0 mm x 1,250mm x 2,500 mm |
ST12 |
Shanghai |
Anshan Steel |
4,780 |
754 |
0 |
|
Tianjin |
Anshan Steel |
5,100 |
804 |
0 |
|||
|
Lecong |
Anshan Steel |
5,170 |
815 |
0 |
|||
|
Average |
- |
5,017 |
791 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = 6.34 RMB